I've always felt that the property market was unlikely to to undergo a major correction as long as interest rates and unemployment are low .
Simple. because if these stay sound , there with be few people around who are "highly motivated vendors".
Up to now I've seen very few indications of rising unemplyment in terms of people I know becoming unemployed or being concerned about how their business is going.
Last night however a relative reported that their light engineering business is very quiet with very few people wanting new work . Now obviously there could be many causes for this outside a more widespread down turn in the sector, but given the involvment of people on the forum in a widespread range of sectors I thought it would be interesting to get feed back on how business is going in other areas.
I would expect that the employment would have to be widespread in order to affect property prices as there seemed to be no effect on prices from the "tech wreck " when many highly paid people became not so highly paid.
see change
Simple. because if these stay sound , there with be few people around who are "highly motivated vendors".
Up to now I've seen very few indications of rising unemplyment in terms of people I know becoming unemployed or being concerned about how their business is going.
Last night however a relative reported that their light engineering business is very quiet with very few people wanting new work . Now obviously there could be many causes for this outside a more widespread down turn in the sector, but given the involvment of people on the forum in a widespread range of sectors I thought it would be interesting to get feed back on how business is going in other areas.
I would expect that the employment would have to be widespread in order to affect property prices as there seemed to be no effect on prices from the "tech wreck " when many highly paid people became not so highly paid.
see change
